Join our growing community to challenge mainstream media bias and fix the news
Sales of new homes shoot 4.8% in August driving home prices to record high

Sales of new homes shoot 4.8% in August driving home prices to record high

Sales of new homes surged 4.8% in Aug to a seasonally-adjusted annual rate of 1.01mn units. The data reported by The Commerce Department comes on back of huge declines in March & April owing to the COVID-19 pandemic in US. The home sales gathered pace in the summer, driving home prices in many areas to record highs. The median price of a new home sold was $312,800, as per the Commerce Department.

Milan
Milan
Top in Business